Oceaneering International (NYSE:OII) Shares Down 2.5% - What's Next?

Oceaneering International, Inc. (NYSE:OII - Get Free Report) shares were down 2.5% on Tuesday . The company traded as low as $17.22 and last traded at $16.99. Approximately 19,001 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 855,247 shares. The stock had previously closed at $17.42.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. TD Cowen raised their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Barclays cut their target price on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.25.

Oceaneering International Stock Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The stock's 50-day simple moving average is $19.87 and its 200 day simple moving average is $24.10. The company has a market cap of $1.80 billion, a PE ratio of 12.38 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, equities analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Oceaneering International

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Oceaneering International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock valued at $325,492,000 after acquiring an additional 69,337 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Oceaneering International by 22.5% in the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock valued at $133,782,000 after purchasing an additional 941,849 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after purchasing an additional 355,290 shares in the last quarter. Greenhouse Funds LLLP lifted its stake in Oceaneering International by 10.0% in the 4th quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company's stock valued at $70,150,000 after buying an additional 244,362 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock worth $54,925,000 after buying an additional 267,230 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.